Always consider negotiation when implementing a new vendor relationship or renewing an existing one.
And, even if you don’t get to be the one wrangling through the negotiations, it’s important that you set the ground rules in conjunction with your vendor risk management program guidelines.
This infographic outlines how to develop a contract that clearly defines expectations and responsibilities of the vendor.
Download this infographic for:
- Tips and areas to consider during contract negotiations
- Why you should reevaluate the vendor contract before letting it auto renew
- 11 vendor contract best practices to follow
